According to the Guojin Securities Research Report, AI computing power construction is driving the expansion of high-end PCB production, while the four major trends of high multi-layering, high level HDI, low material loss, and circuit refinement are driving equipment upgrades. The two are superimposed, and the PCB equipment industry has entered a stage where boom and structural upgrading go hand in hand. The agency is optimistic about the three core benefits: first, ultra-fast laser drilling, material upgrades open up demand, and industrialization enters the 0-1 stage; second, laminators, which have triple resonance with MSAP, accelerating the release of demand for production expansion; and third, exposure equipment, and refinement of the line promote the upgrading of direct imaging, which is on the verge of industrial explosion. As AI high-end board production continues to expand and process technology is upgraded, the market space for ultra-fast lasers, laminators and exposure equipment is broad. It is recommended to focus on leading manufacturers with technical cards and mass production capabilities in the core area.

According to the Guojin Securities Research Report, AI computing power construction is driving the expansion of high-end PCB production, while the four major trends of high multi-layering, high level HDI, low material loss, and circuit refinement are driving equipment upgrades. The two are superimposed, and the PCB equipment industry has entered a stage where boom and structural upgrading go hand in hand. The agency is optimistic about the three core benefits: first, ultra-fast laser drilling, material upgrades open up demand, and industrialization enters the 0-1 stage; second, laminators, which have triple resonance with MSAP, accelerating the release of demand for production expansion; and third, exposure equipment, and refinement of the line promote the upgrading of direct imaging, which is on the verge of industrial explosion. As AI high-end board production continues to expand and process technology is upgraded, the market space for ultra-fast lasers, laminators and exposure equipment is broad. It is recommended to focus on leading manufacturers with technical cards and mass production capabilities in the core area.